# MarkovLab — Options & Derivatives Risk Disclosure _Last updated: 2026-06-09_ ## Substantial risk of loss Trading options, spreads, and other derivatives involves a high degree of risk and is not suitable for every investor. You can lose the entire premium paid on long positions and, on uncovered or short positions, you can lose substantially **more** than your initial investment. Margin requirements can change without notice and may force the liquidation of positions at unfavourable prices. Before trading options you should read the Options Clearing Corporation booklet *"Characteristics and Risks of Standardized Options"* (or the equivalent risk disclosure required by your broker and your local regulator) and ensure you fully understand the risks involved. ## Probabilities and scores are model estimates All probabilities, "P(non-touch)", "no-touch", "wheel-safe", reliability, PARS, confidence, and similar metrics presented by MarkovLab are **model-derived estimates** computed from historical data, implied-volatility surfaces, and regime classifications. They do **not** guarantee any outcome. Real-world results frequently deviate materially from model predictions — especially around earnings, macroeconomic events, illiquidity, gaps, and regime transitions. ## No personalized recommendation "FAVOURABLE / NEUTRAL / CAUTION / NOT RECOMMENDED" annotations, "Best Entry" suggestions, ranked screens, "Trade ↗" actions, and similar UI elements are model output and scenario analysis. They are **not** personalized investment advice and do **not** consider your specific financial situation, objectives, or risk tolerance. ## Past performance Past performance of any backtest, regime model, strategy, or scenario is not indicative of, and does not guarantee, future results. ## Broker connections and order initiation MarkovLab can read live option chains and account data through brokerage APIs (such as Tradier and Alpaca) when you authorize a connection. Where your broker's API supports it and you explicitly initiate an order, the Service may transmit that order to your connected broker for execution — but **execution, clearing, and settlement are performed by your broker, not by MarkovLab.** You are solely responsible for every order you initiate and for verifying it in your broker before and after submission. Market, broker, or data outages may delay or prevent order transmission. ## Technology and data risk Software may contain bugs, experience outages, or produce incorrect results. Data feeds may be delayed, inaccurate, or unavailable. Do not rely on the Service as your sole source of information. ## Seek independent advice Consider seeking advice from a licensed financial professional in your jurisdiction before acting on any output from this software. You trade at your own risk and are responsible for your own decisions.
Made with Emergent